Journal article
The role of economizing and financial strain in Australian university students' psychological well-being
Journal of Family and Economic Issues, Vol.36(3), pp.421-433
2015
Abstract
University students have reported that they engage increasingly in more financial economizing behaviors to cope with limited resources, often to the detriment of their well-being. The objectives of this study were to investigate the mediating role of perceived financial strain between economizing behaviors and depressed mood and life satisfaction, and to compare this mediator model to the prevailing direct effects model currently reflected in the literature. Using structural equation modelling, latent-variable mediation analysis supported the notion that economizing behaviors significantly, but indirectly, predict greater depressed mood and lower life satisfaction through perceived financial strain. When examined using non-hierarchical model comparison indices, the mediation model was a superior fit to the data, compared to the direct effects model.
Details
- Title
- The role of economizing and financial strain in Australian university students' psychological well-being
- Authors/Creators
- S.J. Watson (Author/Creator) - Murdoch UniversityB.L. Barber (Author/Creator) - Murdoch UniversityS. Dziurawiec (Author/Creator) - Murdoch University
- Publication Details
- Journal of Family and Economic Issues, Vol.36(3), pp.421-433
- Publisher
- Springer
- Identifiers
- 991005543929007891
- Copyright
- © 2015 Springer
- Murdoch Affiliation
- School of Psychology and Exercise Science
- Language
- English
- Resource Type
- Journal article
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- Domestic collaboration
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- Citation topics
- 6 Social Sciences
- 6.10 Economics
- 6.10.1076 Retirement Economics
- Web Of Science research areas
- Economics
- Family Studies
- ESI research areas
- Economics & Business